Reflecting the Embodiment of Aspirations in Connection with Joint Investment Enhancement Manaseer Group Signs Three Agreements of Understanding with the Saudi Side

Reflecting the Embodiment of Aspirations in Connection with Joint Investment Enhancement Manaseer Group Signs Three Agreements of Understanding with the Saudi Side

2017-04-02

Manaseer Group signed three agreements of understanding with the Saudi side, in recognition of the vision of His Majesty King Abdullah II and the Custodian of the Two Holy Mosques King Salman Bin Abdul Aziz Al Saud aiming at consolidating economic relations between the two brotherly countries,.

 

In connection with signing 15 agreements between Jordan and Saudi Arabia, the agreement of understanding was signed for the purchase and processing of Manaseer Crete products, signed by the Saudi side, Chairman of the Board of Directors of Al Kifah for Building Materials Holding Company, Salman Bin Hasan Al Afaleq, while the Jordanian side was represented by the Deputy Chairman of Manaseer Group's Board of Directors Mr. Moeen Qadadeh.

 

An agreement was signed in respect of magnesium ore manufacturing by the Saudi side, the authorized signatory on behalf of Gulf Ferro Alloys Company (SABAYEK), Dr. Rashid bin Abdullah Al Suweitek, and from the Jordanian side, the General Manager of Jordan Integrated Mining and Exploration Co. Mr. Moeen Qadadeh.

 

Manaseer Group signed third agreement with Aqaba Bulk Chemicals Company ABCCO owned by Al Sheikh Al Juffali Group and his partner Dr. Suhail Al Farouqi, in addition to Al Salam International Transport Group represented by Ahmed Armoush, the responsible of implementing the existing project in reference with oil derivatives storage in Aqaba Special Economic Zone, apart from Afaq Energy Co. represented by the Board of Directors' Deputy Manager Mr. Moeen Qadadeh and Eng. Yaser Al Manaseer, aiming at increasing the existing storage capacity to 180 thousand cubic litres instead of 60 thousand cubic litres, recording an investment of more than 40 million dollar.

 

These agreements highlight the commitment of the two sides to actively pursue the existing investment opportunities in both countries, and to identify the prevailing investment climate, along with the prospects and opportunities available. In fact, this agreement deeply emphasizes the significance of the continuing meetings between employers and investors from the both sides in the future.